Less than three months afterTrump's latest tweetslamming OPEC, in which he warned the petroleum cartel that "the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!"...

... Trump was at it again and on Thursday morning, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that "they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!We will remember."

His message: "The OPEC monopoly must get prices down now!"

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Trump was at it again and on Thursday morning, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that "they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!We will remember."

As much as I find manipulating (or trying to manipulate) oil prices on Twitter despicable on ethical grounds from the captain of a capitalist society that promotes a free market, I have to say that it's somewhat satisfying to see OPEC bested at their own game. Maybe OPEC doesn't use Twitter in the same way, but they certainly use media through "leaks" and whatnot to move prices up or down as they see fit.

Less than three months afterTrump's latest tweetslamming OPEC, in which he warned the petroleum cartel that "the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!"...

... Trump was at it again and on Thursday morning, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that "they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!We will remember."

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As﻿ much as I find manipulating (or trying to manipulate) oil prices on Twitter despicable on ethical grounds from the captain of a capitalist society that promotes a free market, I have to say that it's some﻿what satisfying to see OPEC bested at their own game. Maybe﻿ OPEC doesn't use Twitter in the same way, but they certainly use media through "leaks" and whatnot to move prices up or down as they see fit.﻿﻿

OPEC generally tries to artificially manipulate oil prices higher, for the benefit of their oil producing counties. Press releases are used, as well as news "leaks", to move oil prices.

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I totally agree with you Tom, I don’t see any tangible reason why Oil would go a higher spot anymore unless your quoted “black swarm”. Even though it does go higher beyond $80 (WTI), it shall not happen until few uncertainties being cleared out such mid-term election, dollar interest and Iran sanctions, etc..

I am expecting to see a more sustained WTI price from $60-$65, hope it would come true.

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Even﻿ though it does go higher beyond $80 (WTI), it shall not﻿ happen until few uncertainties being cleared out such mid-term election, dollar interest and Iran sanction﻿s, et﻿c..

The U.S sanctions against Iranian oil on 4th November and then U.S. mid term elections on 6th November will probably be key dates for oil prices, as traders chug pots of coffee and get all jittery and spaz out completely.